Russia's nuclear trade with Europe flows despite Ukraine war

The EU's executive arm, the European Commission, did not propose targeting Russia's nuclear sector in its latest sanctions package presented Wednesday.

published on : 29th September 2022

Exports of broken rice consignments in transit extended till October15 

On September 20, the date was extended till September 30.

published on : 28th September 2022

Exports to UAE get a boost from trade deal, says commerce ministry

According to the ministry's analysis, exports of electrical machinery and equipment rose by 67 per cent to USD 916.53 million during June-August 2022.

published on : 25th September 2022

India defends its decision to ban rice, wheat exports at WTO

India clarified that the ban on the export of broken rice, which is used in poultry feed, follows a rise in the grain's exports in recent months which put pressure on the domestic market.

published on : 22nd September 2022

RBI expects CAD to remain within 3 per cent in FY23

Even as the RBI is optimistic about lower than 3% CAD, analysts have a different view. Recently, rating agency ICRA projected CAD at 3.5% of GDP in FY23.

published on : 17th September 2022

Export ban on broken rice to ease pressure on domestic retail prices: Govt official

The retail prices have gone up by 9.47 per cent to Rs 38.15 per kg from Rs 34.85 per kg. Animal feed prices too have increased.

published on : 15th September 2022

Exports rises marginally in August; trade gap more than doubles to 27.98 billion

Trade deficit in August 2021 stood at USD 11.71 billion. Imports rose by 37.28 per cent to USD 61.9 billion in August this year.

published on : 14th September 2022

ISMA demands permission to export 80 lakh tonnes of sugar in 2022-23 marketing year

Indian Sugar Mills Association (ISMA) president Aditya Jhunjhunwala has written a letter to food and consumer affairs minister Piyush Goyal in this regard.

published on : 11th September 2022

India's rice exports may fall by 4-5 million tonnes post ban on broken rice, 20 per cent duty

India, which commands 40 per cent share in the global rice trade, exported 21.23 million tonnes of rice in 2021-22 fiscal as against 17.78 million tonnes in the previous year.

published on : 10th September 2022

China's export growth sinks in August, imports shrink

Demand for Chinese exports has softened as economic activity in Western markets slowed and the Federal Reserve and central banks in Europe and Asia raise interest rates to cool surging inflation.

published on : 7th September 2022

'Demand slowdown, global uncertainties impacting India's exports': Experts

The world merchandise trade volume is expected to grow 3 per cent in 2022 against the earlier forecast of 4.7 per cent, mainly due to the ongoing war between Russia and Ukraine.

published on : 7th September 2022

India now aspiring to take international trade to USD 2 trillion by 2030: Goyal

With a 13.5 per cent expansion in June quarter, the Indian economy has overtaken the UK, which has slipped to the sixth spot.

published on : 7th September 2022

Exports dip 1.15 per cent to USD 33 billion in August; trade deficit widens to USD 28.68 billion

Trade deficit in August 2021 stood at 11.71 billion. Imports rose by 37 per cent to USD 61.68 billion in August this year.

published on : 3rd September 2022

Government has no plans as of now to curb rice exports: Official source 

India, the world's second-largest rice producer after China, commands 40 per cent share in global trade.

published on : 30th August 2022

Government puts restrictions on export of wheat flour

In order to ensure food security of the country, the government put the prohibition on the export of wheat in May.

published on : 25th August 2022

Unauthorised import, export data publication is offence: Government

The government has made the unauthorised publication of import-export data a compoundable offence. 

published on : 25th August 2022

Commerce department being restructured to make it future ready: Goyal

The Ministry, he said, will induct experts from the private sector as well with a view to enhancing India's negotiating power at global forums and bilateral trade agreements.

published on : 24th August 2022

Exports likely to be around USD 470-480 bn in FY23: Commerce Secretary

Talking to reporters, Subrahmanyam said the merchandise trade during 2022-23 will be USD 470-480 billion and the services sector is likely to contribute another 280 billion.

published on : 24th August 2022

Windfall tax on transport fuel to hit profits of oil companies

They said the tax on local oil producers has been cut on expected lines but increasing the levy on jet fuel and diesel exports was a surprise as local markets are reasonably well-supplied. 

published on : 19th August 2022

Exports up 2.14 per cent to USD 36.27 billion in July; trade deficit at record USD 30 billion

Imports shot up by 43.61 per cent to USD 66.27 billion in the month compared to July 2021, the data showed.

published on : 12th August 2022
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